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(Photo by Jewel SAMAD / AFP / MANILA BULLETIN)
Pangasinan Rep. Christopher de Venecia, chairman of the House Committee on Creative Industry and Performing Arts, filed House Bill No. 8428 or the proposed Film and Live Events Recovery Act to amend Section 140 (a) of Republic Act No. 7160, otherwise known as the Local Government Code of 1991 as amended by RA No. 9640.
“While both the live events and movie industries employ around 760,000 workers, and generate no less than P100 billion per annum for the national economy, with local governments taking a piece of that pie, it is important to evaluate the amusement tax in light of COVID-19,” he said.